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Paramount’s Warner Bros. megamerger will just be called Skydance
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David Ellison doesn’t want a ‘new corporate identity’ to overshadow Warner Bros. and Paramount’s brands.
David Ellison doesn’t want a ‘new corporate identity’ to overshadow Warner Bros. and Paramount’s brands.
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Paramount Skydance CEO David Ellison has announced that the company will just be called Skydance when it completes its $110 billion merger with Warner Bros. Discovery next week. In a post on X, Ellison writes that “we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. — and all our extraordinary brands — to remain in the spotlight.”
Earlier this week, a judge approved the settlement Paramount reached with California and 11 other states that sued over the planned acquisition, clearing the last major hurdle blocking the deal. Under the deal, Paramount must release a minimum number of theatrical films over the next five years, starting with 30 annually in years one and two.
Ahead of the close, Paramount has also appointed Ynon Kreiz, the former chairman and CEO of Mattel, as the co-CEO of the soon-to-be even bigger company. The deal is expected to close on October 6th.